Trading technology provider ConvergEx Group aims to offer
greater customisation to the buy-side following the recent acquisition of RealTick, vendor of the RealTick 10 multi-asset class execution management system (EMS).
Launched in November 2010, RealTick 10 is an EMS that allows users to create their own trading programs or analytics, using the EMS’s data and trading APIs.
“We took a step back to look at how the institutional buy-side needs to interact with technology and trading solutions, to meet today's challenges, such as fragmented liquidity, robust pre-trade risk management, better execution capabilities, global trading and multiple asset classes,” said Rustam Lam, director at RealTick. “RealTick 10 is configurable, based around what kind of trader you are and how you want to trade.”
The EMS offers pre-trade market analysis, execution across multiple liquidity pools and evaluation of trading strategies in real time. Lam says that a single platform for trading across assets is becoming “increasingly important” for traders who are looking to diversify risk, as well as seek enhanced investment opportunities.
“Traders expect that their individual strategies and styles will be anticipated in the technology they use. We have designed RealTick 10 to meet that expectation,” said Stuart Breslow, chief executive officer of RealTick. “We will continue to build on the rapidly established success of RealTick 10 and deploy the analysis, execution and evaluation tools that lead to better and more efficient trading.”
RealTick 10 is being upgraded on an ongoing basis, with improved transaction cost analysis and execution analysis tools planned. Several other features are also to be improved, with a specific focus on facilitating trading in growth markets including Canada and Latin America's equities and derivatives markets.